Automotive Blockchain Market Share

Automotive Blockchain Market Share

IBM and Microsoft hold a significant share of over 20% in the automotive blockchain industry. IBM is a prominent leader in this market, leveraging its expertise in blockchain technology to revolutionize the automotive industry. It provides technologies to improve vehicle lifecycle management, manufacturing process optimization, and supply chain transparency. Automakers can improve processes, cut costs, and guarantee regulatory compliance with its blockchain platform's integration of smart contracts and secure data sharing. The goal of IBM's relationships with automakers is to drive innovations in fields, including driverless vehicles, vehicle tracking, and aftermarket services, by improving efficiency and trust throughout the supply chain.
 

Microsoft is a key player in advancing blockchain applications within the automotive market. It offers suppliers and automakers scalable and secure solutions via its Azure Blockchain platform. The primary goals of Microsoft's blockchain technologies are to increase data security, facilitate seamless industry stakeholder engagement, and improve supply chain visibility. The company’s platform ensures integrity throughout automotive operations by supporting smart contracts and facilitating effective data management. Microsoft has demonstrated its commitment to promoting digital transformation and innovation in the automotive sector through its relationships with technology providers and automakers, while providing strong tools to improve productivity, compliance, and consumer trust.
 

Automotive Blockchain Market Companies

Major players operating in the automotive blockchain industry are:

• IBM
• Microsoft
• Accenture
• Oracle
• BigchainDB
• CarBlock
• XAIN